Cenovus Energy (CVE) to Release Earnings on Thursday

Cenovus Energy (NYSE:CVE) (TSE:CVE) is scheduled to release its earnings data before the market opens on Thursday, October 31st. Analysts expect Cenovus Energy to post earnings of $0.56 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its earnings results on Thursday, August 1st. The oil and gas company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.13). The company had revenue of $10.88 billion for the quarter, compared to analyst estimates of $9.78 billion. Cenovus Energy had a return on equity of 16.61% and a net margin of 8.56%. On average, analysts expect Cenovus Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cenovus Energy Stock Down 1.1 %

Shares of CVE opened at $16.48 on Wednesday. The stock’s 50-day moving average price is $17.37 and its two-hundred day moving average price is $18.95. Cenovus Energy has a 12 month low of $14.69 and a 12 month high of $21.90. The company has a current ratio of 1.66, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $30.15 billion, a PE ratio of 8.86 and a beta of 2.04.

Cenovus Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.132 dividend. This represents a $0.53 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Friday, September 13th. Cenovus Energy’s dividend payout ratio (DPR) is presently 28.49%.

Analyst Ratings Changes

CVE has been the subject of several research analyst reports. BMO Capital Markets lowered their price objective on Cenovus Energy from $33.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Scotiabank lowered their price objective on Cenovus Energy from $35.00 to $34.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. StockNews.com raised Cenovus Energy from a “hold” rating to a “buy” rating in a research report on Monday. Finally, TD Securities lowered Cenovus Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.75.

About Cenovus Energy

Cenovus Energy Inc, together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.